Why bitcoin is not supported in some countries?

[Joylee]

Countries which does not support or support less cryptocurrency is due to that uncontrollable and untraceable feature of bitcoin. The government wants under their purview and should come under their regulatory body and must be traceable.

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[Eleanorjean11]

It is probably because of business that's the number one reason why other nations is not supporting bitcoin, They think bitcoin can affect their business economy, consequently they're doing everything in which bitcoin can't enter to their country, maybe it is also a threat for them too.but bitcoin help us so much....

[smaneek101]

every country has different rules and some countries are using bitcoin .countries openly welcome to bitcoin then depends on people view on it

[LeyAngelDevs]

I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me

in my perception, i think bitcoin is a threat for them, i dont know but maybe they dont want their people to grow

[wangwangdui]

Quite simply, it is impossible to abandon the currency issue rights, so Bitcoin has no place in the current social environment. He was previously obscured by nobody's control. Now it is a big fight. It is inevitable that central banks in various countries will suppress it.

[mattprochazka]

I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me

in my perception, i think bitcoin is a threat for them, i dont know but maybe they dont want their people to grow

They're just the way too afraid for it because it's too volatility and fluctuation which shouldn't be encourage by the goverment, the goverments only support things that is constant and stable, which are not containing in the Bitcoin's dictionary.

[SHUNNO]

Most countries torment that bitcoin would be mainly used for illegal products following drugs and for maintenance laundering.They think that bitcoin usage would gate their currency usage.They apprehension of losing their revenues which they profit from taxes.In bangladesh,if anyone found using bitcoins, they would be jailed.But all measures taken, bitcoin cannot be sufficiently banned back its not attainable to ban internet.

[Galina12]

There are various reasons why some countries forbid the use of digital currencies, especially bitcoins.
The main reason is the fear of these countries will be the volatility and uncertainty of digital currency. In addition , another reason is the fear if the digital currency is used as financing of terrorism etc.

[Clark05]

Other country like china will ban bitcoin or not supported bitcoin and maybe they have other reason or they don't want to relate their country of this kind of online business. But Im very happy to those country who are accepted and advertise bitcoin . We know bitcoin is risky but it depends to the people if they want to invest or not because we are matured and have own decision.

[Ulail_cc]

I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me

I think what the government of each country to ban bitcoin is the right thing to protect their currencies. because of the potential of bitcoin is very high it can make currency of each country be excluded

[Ashong Salonga]

I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me

I think because other counyries sees the value of bitcoin on how it helos people. Yet there are so many country still that doesn't support bitcoin which leads them to become no knowledge about it. Bitcoin was definitely a positive thing to many country although it also have mny disadvantages but the advantages are the most we see.

[zafaryaqoob]

Who said Bitcoin not support in Some countries, the Bitcoin Is not a Country base Cryptocurrency and there is no option Ban bitcoin in any Country It's Available for the whole world.

[aoebtc01]

Other country like china will ban bitcoin or not supported bitcoin and maybe they have other reason or they don't want to relate their country of this kind of online business. But Im very happy to those country who are accepted and advertise bitcoin . We know bitcoin is risky but it depends to the people if they want to invest or not because we are matured and have own decision.

In my knowledge, China ban bitcoin to tossing China own cryptocurrency into the market. People should buy and use their coin in the crytocurrency market.

[ashahin7799]

Yes, there are some countries that do not support bitcoins.The main reason for this is that they do not know bitcoin well.Besides, some people think that due to bitcoin, there will be economic problems in their country.Even in some countries, people think that their currencies can be bizarre for bitcoin.For this reason people of some countries do not accept bitcoin.

[Nissaica]

I think every country should have its own rules and laws. there are some countries that do not use bitcoin, because bitcoin can be used for crimes such as money laundering, fraud or even used for ransom. and there are also some countries that use bitcoin. it is the right of every government.

[SergeYak]

Bitcoin is special and still unknown by many people currency. They just don't know what to do and what impact it will do on country, that why they just banning btc.

[cmacwiz]

Bitcoin is illegal in many country like china, Bangladesh Ecuador, Bolivia, Malaysia etc . Every country has their own issue with Bitcoin. Bitcoin is a decentralised digital currency that means it doesn't comes under control of government . And some government doesn't want Bitcoin like digital currency which affect their country own currency. And also affect country economy and financial status too. In some country Bitcoin also affect country own banking system. So this could be reason behind its ban. Many anti social people and terrorist using Bitcoin as a crime tool and for this reason Bitcoin us ban in some country. 

[drukoz2]

Most likely, the government is simply afraid of bitcoin. This will turn the entire usual system, corruption will be impossible, people will make good money. This is all unprofitable for officials.

[bitcointarget]

Bitcoin is illegal in many country like china, Bangladesh Ecuador, Bolivia, Malaysia etc . Every country has their own issue with Bitcoin. Bitcoin is a decentralised digital currency that means it doesn't comes under control of government . And some government doesn't want Bitcoin like digital currency which affect their country own currency. And also affect country economy and financial status too. In some country Bitcoin also affect country own banking system. So this could be reason behind its ban. Many anti social people and terrorist using Bitcoin as a crime tool and for this reason Bitcoin us ban in some country. 

This is right and bad, because their governments are banning bitcoin and all other cryptocurrencies just beacuse they can't control them. Ther is no other reason for this bans actually.

[BitcoinMarketer39]

I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me

If bitcoins is not supported in other countries then the government is always the reason, i could not find anything bad about cryptocurrency and there is no law that you cannot use bitcoins but they are just envy of those people who are earning a huge amount of money from cryptocurrency.